Wealth Management
Trust Training Certificate (TTC) (version 2.0) - Unit 2: Types of Trusts and when appropriate
Overview
This is Unit 2 of the "Trust Training Certificate" ("TTC") (version 2.0) training programme."
This eCourse is based on the recorded webinar session held on 16 April 2024. For participants who plan to take the TTC Part A Examination in December 2024, you should ensure you read the study guide and materials provided via the examination enrolment link.
In line with the Unit 1 study guide, this eCourse consists of two modules:
Module 3: Types of Trusts and their uses
Module 4: Retention of Control
If you wish to register for the full TTC (version 2.0) Part A Training Programme and Examination, click here.
Objective
On completion of the course, learners should be able to:
(a) Recognise the common types of trusts for estate planning purposes
(b) Recognise the common types of trusts for investment purposes
(c) Recognise the common types of trusts for employee benefits purposes
(d) Appreciate the limitations of certain jurisdictions for some types of trusts
(e) Recognise the common types of trusts if retention of control is a key consideration of the Settlor
(f) Explain how these types of trusts could provide for retention of control by the Settlor or others and why
(g) Recognise which jurisdictions offer the solutions
(h) Elaborate common applications, e.g. reserved power trust, VISTA
(i) Identify the problems with retention of control trusts
Content
Module 3: Types of Trusts and their uses:
1. Fixed interest trusts
2. Protective trusts
3. Discretionary trusts
4. Charitable trusts
5. Non-charitable Purpose trusts (“NCPT”)
6. Revocable and Irrevocable trusts
7. Employment benefit trusts (“EBT”)
8. Pension trusts
9. Bare trusts and declarations of trust
10. Unit trusts
11. Resulting trusts and constructive trusts
Module 4: Retention of Control:
1. Reserved power trusts
2. Private trust companies (“PTCS”)
3. Special types of trusts (VISTA, LST and SISTA)
4. Case studies
Who should attend
This course is primarily designed for individuals who are interested in obtaining the "Trust Training Certificate" to qualify for the Hong Kong Trustees' Association Certified Trust Practitioner™ designation.
It is also relevant for individuals seeking a comprehensive understanding of the course subject matter and those planning to enter the Trust industry sector.
Speaker/Course Instructor
She has over 30 years experience in providing a broad range of family succession and business solutions for clients including trusts, private funds, retirement schemes, licensing and succession planning vehicles.
Details
Click here if you wish to register for full Part A training programme and examination.